Passwords Won't Secure Your Identity. Here's the Solution That Will Actually Keep It Safe.

Our lives person migrated to a virtual world to the constituent wherever our emails person go an introduction constituent to our identity. Medical records, employment history, education, world views and each that comes to mind, which pertains to who we are arsenic people, apt person immoderate shape of digital footprint that tin beryllium traced backmost to us. While this tin construe to seamless convenience, whether personalized recommendations aliases speedy merchandise deliveries, location remains a consequence of vulnerability that threat actors perpetually exploit.

The tech titans who grip our information and boast a robust information infrastructure are the aforesaid ones who mislaid power of our data. With 16 billion Apple, Facebook, Google and different passwords leaked, a ample mobility people looms complete the reliability of accepted information systems. The centralized databases and login processes of yesteryear are simply incapable to support up pinch today's progressively blase cyber threats. Our passwords and two-factor authentication autumn short successful securing our digital identities.

Related: Why Businesses Should Implement Passwordless Authentication Right Now

Digitization outpacing security

Digitization has go profoundly entrenched successful the cloth of really we run arsenic a nine connected a world scale, pinch 5.56 billion group online coming and 402.74 million terabytes of information generated connected a regular basis. The dizzying numbers show the breakneck velocity pinch which each facet of our lives has taken a virtual shape, and pinch it, the proliferation of the speech astir really we unafraid the integer world we person created.

With the existent information measures successful use, cybercrime is expected to costs complete $639 cardinal successful the United States this year, pinch the costs expected to balloon arsenic acold arsenic $1.82 trillion by 2028. In ray of specified projected costs, the improvement of a unafraid infrastructure is simply a privilege that requires contiguous attention, 1 that could compromise integer personality if disregarded.

Decentralize to forestall compromise

The centralized databases of tech titans mean that location is 1 location, 1 root of truth, that if compromised, each that it contains is leaked, arsenic was the lawsuit pinch the passwords that were leaked. If not a leak, past a ransomware attack that disrupts the systems connected which our integer lives operate. This benignant of disruption tin cascade to basal services specified arsenic healthcare, arsenic a caller ransomware onslaught caused a system-wide tech outage astatine a ample web of aesculapian centers successful Ohio, cancelling inpatient and outpatient procedures.

Centralization's azygous constituent of nonaccomplishment calls for a displacement successful really to run tech infrastructures — a displacement to decentralized information storage. Unlike centralized systems, blockchain networks administer information crossed a ample multitude of nodes that are successful changeless verification of 1 different done cryptographic consensus. To verify the data, the mostly of nodes must beryllium successful agreement, a mostly that rejects tampered "blocks" aliases compromised nodes. This intends that location is nary azygous repository that tin beryllium compromised, arsenic attackers would request to discuss the mostly of the nodes, a task immensely much challenging than the communal discuss of a centralized server.

Related: Passwords Are Scarily Insecure. Here Are a Few Safer Alternatives.

Use the beingness to verify the virtual

The beauty of blockchain technology is its ownership element. As everything is secured by cryptography, the only measurement to "decrypt" the information and entree it is done your ain backstage keys. However, if a threat character is to summation entree to your backstage keys, they besides summation entree to your information and funds, posing a threat that puts successful mobility really unafraid the displacement from centralized to decentralized retention really is.

If a backstage cardinal is impervious of one's identity, past its nonaccomplishment equates to the nonaccomplishment of one's integer identity, a discuss that tin only beryllium secured by undeniable impervious that the proprietor of the keys is so who they declare to be. This is wherever biometric authentication becomes the last portion successful the puzzle of securing one's integer personality successful a decentralized infrastructure.

Using one's fingerprint successful an offline situation for personality verification not only ensures ownership of information and its information but besides prevents the vulnerability of biometric information to a server wherever it could beryllium breached. This creates a caller paradigm that deems passwords and two-factor authentication obsolete. Building connected specified a methodology opens pathways for a unafraid integer personality and KYC verification connected a decentralized infrastructure, leaving nary room for threat actors to discuss integer identities.

The speech connected integer information is the consequence of an absolute necessity successful the look of progressively blase cyber attacks. However, adding uppercase letters, symbols and numbers to your password will not beryllium enough. The added furniture of two-factor authentication will not beryllium capable either. More steps do not equate to much security. The early of information lies successful an infrastructure displacement from the centralized to the decentralized, protected by a furniture of biometric authentication that ensures that one's integer personality is secured.